|
Forecast update for Gold -26-05-2026
Gold price remains under pressure and continues its recent losing streak during its latest intraday trading, affected by the ongoing negative pressure caused by trading below EMA50, which previously limited the price’s recovery attempts. The price is currently leaning on the support of a minor ascending trend line on the intraday timeframe, giving it some positive momentum that helped it stabilize, especially as a positive crossover begins to appear on the relative strength indicators after reaching heavily oversold levels compared to the price movement, suggesting the formation of a positive divergence.
Forecast update for EURUSD -26-05-2026.
The EURUSD pair rose during its recent intraday trading, amid its attempts to get rid of the negative pressure of EMA50, which will open the way for achieving new gains in the upcoming period, especially with the dominance of strong minor short-term bullish wave, with the beginning of forming positive divergence on the relative strength indicators, after reaching exaggerated oversold levels compared to the price move, with the emergence of positive signals from them.
MoreThe CADCHF is under negative pressure– Forecast today – 26-5-2026
The CADCHF provided new negative close below the moving average 55, which forms a strong barrier at 0.5720 to reinforce the dominance of the previously suggested bearish trend, to reach the initial target at 0.5655.
MoreNatural gas price is waiting for breaching the barrier– Forecast today – 26-5-2026
Natural gas prices are forced to form some sideways trading due to its stability below $3.150 barrier, besides the contradiction of the main indicators by the stability of the moving average 55 above the current trading as appears in the above image.
More